FXJ.AX - Fairfax Media Limited

ASX - ASX Delayed price. Currency in AUD
0.6775
-0.0125 (-1.8116%)
At close: 3:59PM AEDT
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Previous close0.6900
Open0.6900
Bid0.7050 x 4650600
Ask0.6500 x 93180300
Day's range0.6750 - 0.6900
52-week range0.6700 - 1.2700
Volume8,861,729
Avg. volume9,087,780
Market cap1.558B
BetaN/A
PE ratio (TTM)18.82
EPS (TTM)0.0360
Earnings date20 Feb. 2018 - 26 Feb. 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est0.84
  • Macquarie Group Ltd says ASX 200 to hit 6,500 points in 2018
    Motley Fool2 days ago

    Macquarie Group Ltd says ASX 200 to hit 6,500 points in 2018

    It’s been a good year for many investors. And some think the good times will continue…

  • Domain shares excessive, overvalued: Citi
    AAP8 days ago

    Domain shares excessive, overvalued: Citi

    Domain is overvalued at $2 billion and the property advertiser's share price is "excessive", analysts have said. Citi analysts on Friday rated the newly listed Fairfax spinoff a "sell" and set a target of $3.40 per share, about eight per cent below their price on the second day of trade on the ASX. "While we have a positive view on the earnings trajectory for DHG (Domain), the current valuation is excessive in our view," Citi analysts said in a note.

  • Did the Domain spin off hurt Fairfax Media Limited shareholders?
    Motley Fool8 days ago

    Did the Domain spin off hurt Fairfax Media Limited shareholders?

    The Domain Holdings Australia Limited (ASX:DHG) spin off promised big things. So has it gone well for Fairfax Media Limited (ASX:FXJ) and its shareholders?

  • How a Newspaper Company Created $300 Million in Equity Overnight
    Bloomberg8 days ago

    How a Newspaper Company Created $300 Million in Equity Overnight

    Investors can finally put a number on Fairfax Media Ltd.’s main earnings driver, the property-listings business, which has thrived amid Australia’s real-estate boom.

  • Takeover talk sends Santos shares soaring
    AAP8 days ago

    Takeover talk sends Santos shares soaring

    Shares in energy giant Santos have soared to a 15 month high after it confirmed it recently rejected a takeover offer from a major US investor worth almost $9.5 billion. Santos said the indicative proposal from Harbour Energy in August was inadequate and the sources of funds were uncertain. Fairfax Media is reporting that a consortium of investors, led by Harbour Energy, is planning an all-cash bid worth $11 billion that could be put to the Santos board within weeks.

  • Domain lists on ASX as a $2.2bn company
    AAP8 days ago

    Domain lists on ASX as a $2.2bn company

    Fairfax Media's real estate spinoff Domain has begun trading on the Australian Stock Exchange with market value of $2.2 billion. With 575 million Domain shares on issue, the property listings and real estate services business has a market capitalisation of almost $2.23 billion, based on an average $3.86 share price over its first few hours of trading. Parent company Fairfax Media took an expected fall as its highest-value asset was spun out, with Fairfax shares down 31 per cent to 73.5 cents.

  • Fairfax Media Limited shares fall 30% after Domain Holdings Australia Limited spinoff
    Motley Fool9 days ago

    Fairfax Media Limited shares fall 30% after Domain Holdings Australia Limited spinoff

    Domain Holdings Australia Limited (ASX:DHG) listed on the ASX at midday today.

  • Domain starts trading on ASX
    AAP9 days ago

    Domain starts trading on ASX

    Shares in Fairfax Media's property-listing spinoff Domain Holdings have risen seven cents in their first half-hour of trading on the Australian Stock Exchange. Domain shares, which opened at $3.80 at 1200 ...

  • Australia's Fairfax Media shares plunge after spin-off
    AFP9 days ago

    Australia's Fairfax Media shares plunge after spin-off

    Shares in Australian publishing giant Fairfax Media plunged by a third on Thursday as it spun-off its lucrative property arm in a bid to boost its bottom line. Domain had been a money-spinning division of Fairfax that benefited from Australia's strong real estate market and digital classifieds, even as its traditional media divisions were hit by advertising and circulation declines. Fairfax flagged spinning-off Domain in February and outlined details in August after a bidding war between US private equity giant TPG Capital and US investment firm Hellman & Friedman to buy the entire firm fell through.

  • AAP19 days ago

    Fairfax, Domain separation gets court tick

    Fairfax Media's plan to spin off its profitable real estate listing business Domain from the news publisher has gained Federal Court approval. Domain is expected to start trading on the ASX on November 16, after shareholders "overwhelming" voted in favour of the separation at Fairfax's annual general meeting last week. Under the plan, Fairfax will retain a 60 per cent interest in Domain while shareholders will hold the remaining 40 per cent - receiving one share in a newly listed Domain for every 10 Fairfax shares owned.

  • Are Fairfax Media Limited and Nine Entertainment Co Holdings Ltd eyeing a merger?
    Motley Fool19 days ago

    Are Fairfax Media Limited and Nine Entertainment Co Holdings Ltd eyeing a merger?

    Recent reforms have opened the doors for a series of mergers. What can we expect?

  • AAP22 days ago

    Sydney houses could go for F6 toll road

    Up to 90 houses could be seized and demolished by the Berejiklian Government to build Sydney's latest toll road, which will cost $9 billion for three stages, according to leaked cabinet documents. A cabinet-in-confidence "business case" obtained by Fairfax Media and the ABC outlines how 60 private properties in the city's south would need to be forcibly acquired at a cost of more than $100 million. Another $150 million would be needed to buy government properties along the 23-kilometre route between St Peters and Loftus, ABC reports.

  • Fairfax Domain split gets final approval
    AAP23 days ago

    Fairfax Domain split gets final approval

    Fairfax shareholders have voted in favour of the plan to spin off profitable real estate listings business Domain, from the news publisher. At the company's annual general meeting on Thursday, chairman Nick Falloon said the the scheme resolution received "overwhelming" support from shareholders. "Subject to shareholder approval of the capital reduction at the meeting today, and court approval, we expect Domain to commence trading on the ASX on 16 November 2017 on a deferred settlement basis," Mr Falloon said.

  • Australia's Fairfax Media agrees property arm spin-off
    AFP23 days ago

    Australia's Fairfax Media agrees property arm spin-off

    Leading Australian publisher Fairfax Media is poised to spin off its lucrative property arm after shareholders on Thursday overwhelmingly backed the plan to boost the embattled firm's prospects. Like its international peers, Fairfax, which owns major newspapers including The Sydney Morning Herald and Australian Financial Review, has had its profits squeezed as advertising and circulation slump in the digital age. "We are pleased to have received shareholder approval for separation of Domain from Fairfax," chairman Nick Falloon said in a statement.

  • Why Bailador Technology Investments Ltd shares look cheap
    Motley Fool24 days ago

    Why Bailador Technology Investments Ltd shares look cheap

    Venture capital investing in the software-as-a-service space is now available to investors with Bailador Technology Investments Ltd (ASX:BTI).

  • Australia's Fairfax Media to float lucrative property ad arm
    AFP2 months ago

    Australia's Fairfax Media to float lucrative property ad arm

    Fairfax Media's shareholders are set to vote on spinning off its lucrative property advertising division, the Australian publishing giant said Friday. Like its international peers, Fairfax -- the owner of major mastheads The Sydney Morning Herald, The Age and The Australian Financial Review -- has seen profits hit by dwindling advertising revenue and circulation figures. The float of Domain had been flagged for some months, with Fairfax hopeful it would get a better market valuation if listed separately on the stock market.

  • Australia's Fairfax Media back in the black
    AFP3 months ago

    Australia's Fairfax Media back in the black

    Australian publishing giant Fairfax Media on Wednesday posted a return to profit following a cost-cutting drive, although advertising revenue for its major newspapers weakened further. Fairfax -- which owns The Sydney Morning Herald, The Age and The Australian Financial Review -- reported an annual net profit of Aus$83.9 million (US$65.7 million) in the year to June 30. The turnaround followed a Aus$772.6 million loss reported over a previous 12-month period.

  • US firm sparks bidding war for Australia's Fairfax Media
    AFP6 months ago

    US firm sparks bidding war for Australia's Fairfax Media

    American investment firm Hellman & Friedman has kicked off a bidding war for Australia's Fairfax Media by making a multi-billion-dollar offer to rival private equity company TPG Capital's proposal, the publishing giant said Thursday. Hellman & Friedman -- former owners of US multimedia company and German publisher Axel Springer -- made an offer to acquire Fairfax at Aus$1.225-Aus$1.250 (91-93 US cents) a share late Wednesday, the Australian firm said. The offer is higher than TPG's revised bid of Aus$1.20 made on Monday, and values the publisher at Aus$2.82-Aus$2.87 billion.

  • TPG ups bid for Australia's Fairfax Media
    AFP6 months ago

    TPG ups bid for Australia's Fairfax Media

    A consortium led by private equity giant TPG Capital upped its offer for troubled Fairfax Media Monday and now wants to buy out the entire firm. Last week TPG and the Ontario Teachers' Pension Plan Board offered 95 Australian cents per share for Fairfax's leading mastheads and its lucrative Domain Group focused on property advertising. This would have left shareholders with Fairfax's regional papers, 50 percent of its online streaming service Stan and its beleaguered New Zealand business, which was recently dealt a blow when the country's competition watchdog rejected a merger with NZME.

  • Fairfax Media staff strike for a week over job cuts
    AFP7 months ago

    Fairfax Media staff strike for a week over job cuts

    Staff at Australia's Fairfax Media walked off the job for a week on Wednesday in protest at more hefty job cuts as the leading publisher struggles to cope with slumping revenues. The strike action by journalists, including those from the Sydney Morning Herald and The Melbourne Age, followed an announcement that Fairfax will cut another 125 editorial jobs -- a quarter of its newsroom -- as part of a restructure to save money.